FCNB Corp. has a deal to acquire Frederick (Md.) Underwriters Inc. and its two affiliate agencies for about 413,000 shares of FCNB stock.

At FCNB's current stock price, the deal is valued at about $10 million. The transaction is expected to close during the fourth quarter.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.